Research: Local

“The unfunded liability for all (local) independent systems is $175 billion. At a 4 percent risk-free discount rate the total increases to $195.2 billion. When including market performance over the past 2 years it is estimated these systems have roughly $200 billion in unfunded liabilities. “ Continue reading →

“Retiree pension and health benefits will amount to $1 billion in the next five years for San Francisco, which is roughly one-third of the City’s General Fund… Continue reading →